Guideline Value for SELVAVINAYAGAR KOIL STREET (a) VANNIA PILLAYAR KOIL STREET

SELVAVINAYAGAR KOIL STREET (a) VANNIA PILLAYAR KOIL STREET guideline value

The current guideline value for SELVAVINAYAGAR KOIL STREET (a) VANNIA PILLAYAR KOIL STREET is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village, under the Madurandakam SRO, classified as Residential Special Type - I.

How the guideline value of SELVAVINAYAGAR KOIL STREET (a) VANNIA PILLAYAR KOIL STREET has changed

Over the years, the guideline value for SELVAVINAYAGAR KOIL STREET has seen significant changes. The 2007 revision recorded a value of Rs 250 per sq.ft, which increased dramatically to Rs 1,000 per sq.ft in 2012, marking a rise of 300%. However, the value dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The subsequent revisions saw the value climb to Rs 1,000 per sq.ft in 2023, and finally, it stands at Rs 1,110 per sq.ft in 2024, reflecting an increase of 11% from the previous year. Overall, from 2007 to 2024, the guideline value has risen by 344%.

The register for the years 2002 and 2003 does not contain figures for this street. The 2023 revision was Rs 1,000 per sq.ft, and the 2024 revision is Rs 1,110 per sq.ft, indicating a consistent upward trajectory in the guideline value over the recent years.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO, with guideline values ranging from Rs 440 to Rs 1,480 per sq.ft. The median value is Rs 1,100 per sq.ft, placing the guideline value for SELVAVINAYAGAR KOIL STREET above this median.

• SELLI AMMAN KOIL STREET (a) SELLI AMMAN CAR STREET: Rs 1,110 per sq.ft (2024)
• Sdk Avenue Phase II: Rs 660 per sq.ft (2024)
• Sdk Avenue Phase- I: Rs 660 per sq.ft (2024)
• Sathanoor Old Street: Rs 660 per sq.ft (2024)
• Sathanoor New Street: Rs 660 per sq.ft (2024)
• Sathanoor Mariamman Koil Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in SELVAVINAYAGAR KOIL STREET (a) VANNIA PILLAYAR KOIL STREET

For a 1,000 sq.ft plot at the current rate of Rs 1,110 per sq.ft, the guideline value amounts to Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, while the registration fee at 2% would be Rs 22,200, totaling Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SELVAVINAYAGAR KOIL STREET (a) VANNIA PILLAYAR KOIL STREET?

The SELVAVINAYAGAR KOIL STREET (a) VANNIA PILLAYAR KOIL STREET is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mathuranthagam

The guideline value plays a crucial role during property registration in Mathuranthagam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable taxes. Buyers should be aware that the stamp duty and registration fees are assessed based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for SELVAVINAYAGAR KOIL STREET?

The current guideline value for SELVAVINAYAGAR KOIL STREET (a) VANNIA PILLAYAR KOIL STREET is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, reflecting an overall increase of 344% over this period.

What is the registration office for this street?

The registration office that covers SELVAVINAYAGAR KOIL STREET is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property with a guideline value of Rs 11,10,000, the stamp duty would be Rs 77,700 at 7%.

What are the guideline values of other streets in Mathuranthagam?

Other streets in Mathuranthagam have varying guideline values, with SELLI AMMAN KOIL STREET (a) SELLI AMMAN CAR STREET also at Rs 1,110 per sq.ft, while several other streets are valued at Rs 660 per sq.ft as of 2024.